Short Interest Worth Mentioning Today: Time to Reconsider Corvel Corporation (NASDAQ:CRVL) After More Short Sellers?

November 30, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Worth Mentioning Today: Time to Reconsider Corvel Corporation (NASDAQ:CRVL) After More Short Sellers?

The stock of Corvel Corporation (NASDAQ:CRVL) registered an increase of 3.33% in short interest. CRVL’s total short interest was 99,400 shares in November as published by FINRA. Its up 3.33% from 96,200 shares, reported previously. With 78,000 shares average volume, it will take short sellers 1 days to cover their CRVL’s short positions. The short interest to Corvel Corporation’s float is 1.14%. About 14,773 shares traded hands. CorVel Corporation (NASDAQ:CRVL) has declined 27.17% since April 27, 2016 and is downtrending. It has underperformed by 32.40% the S&P500.

CorVel Corporation is a provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The company has a market cap of $623.95 million. The Firm offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers. It has a 23.04 P/E ratio. The Firm offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers.

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 1.21, from 2.26 in 2016Q1. The ratio dived, as 4 funds sold all CorVel Corporation shares owned while 30 reduced positions. 21 funds bought stakes while 56 increased positions. They now own 8.96 million shares or 1.56% more from 8.82 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 1,600 shares. Moreover, Magnetar Lc has 0.01% invested in CorVel Corporation (NASDAQ:CRVL) for 9,981 shares. Ahl Prns Ltd Liability Partnership has 0.01% invested in the company for 5,515 shares. Envestnet Asset Mgmt holds 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL) for 7,748 shares. Rhumbline Advisers reported 17,126 shares or 0% of all its holdings. Voya Invest Mgmt Ltd Liability Corp last reported 5,629 shares in the company. The United Kingdom-based Blackrock Gru Ltd has invested 0% in CorVel Corporation (NASDAQ:CRVL). Fmr Limited holds 660,502 shares or 0% of its portfolio. Royal Bank & Trust Of Canada last reported 0% of its portfolio in the stock. The United Kingdom-based Legal And General Grp Plc has invested 0% in CorVel Corporation (NASDAQ:CRVL). Arizona State Retirement Systems has invested 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL). Walleye Trading Llc last reported 1,800 shares in the company. Teachers Advsr Inc holds 0% or 20,314 shares in its portfolio. Prudential Fincl Incorporated has 0.01% invested in the company for 70,900 shares. Menta Limited Company has 0.04% invested in the company for 7,322 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 9 insider sales for $10.30 million net activity. Another trade for 7,400 shares valued at $368,790 was sold by Combs Michael G. CORSTAR HOLDINGS INC also sold $3.65M worth of CorVel Corporation (NASDAQ:CRVL) on Friday, June 10. The insider BLAHA DIANE sold $34,140. Macino Jean also sold $375,075 worth of CorVel Corporation (NASDAQ:CRVL) on Monday, June 6. Another trade for 2,000 shares valued at $84,914 was sold by CLEMONS V GORDON. $194,130 worth of CorVel Corporation (NASDAQ:CRVL) was sold by MICHAEL JEFFREY J.

CRVL Company Profile

CorVel Corporation (Corvel), incorporated on May 16, 1991, is a well-known provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Firm offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers. CareMC is an application platform for all of the Company’s primary service lines and delivers immediate access to customers. CareMC offers clients direct access to the Company’s primary services. CareMC allows for electronic communication and reporting between providers, payers, employers and patients. The Firm offers services in two general categories, network solutions and patient management.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Dolores Ford


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>